About LYGG
LYGG is a company based in Vantaa (Finland) founded in 2005.. LYGG has raised $3.93 million across 1 funding round from investors including Superhero Capital and Government. LYGG operates in a competitive market with competitors including Wheels Up, Surf Air, NetJets, Victor and VistaJet, among others.
- Headquarter Vantaa, Finland
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Sectors
TechnologyTravel & Hospitality
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.93 M (USD)
in 1 rounds
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Latest Funding Round
$3.93 M (USD), Series A
Jun 27, 2023
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Investors
Superhero Capital
& 1 more
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Employee Count
Employee Count
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Funding Insights of LYGG
LYGG has successfully raised a total of $3.93M through 1 strategic funding round. The most recent funding activity was a Series A round of $3.93 million completed in June 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $3.9M
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First Round
First Round
(27 Jun 2023)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Series A - LYGG | Valuation | Superhero Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in LYGG
LYGG has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Superhero Capital and Government. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Superhero Capital is focused on seed funding for startups.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by LYGG
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - LYGG
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lygg Comparisons
Competitors of LYGG
LYGG operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Wheels Up, Surf Air, NetJets, Victor and VistaJet, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Private jets are booked through an online membership platform.
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| domain | founded_year | HQ Location |
Private airline services are offered via a membership-based subscription model.
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| domain | founded_year | HQ Location |
Private jet charters and aircraft shares are brokered online.
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| domain | founded_year | HQ Location |
Online platform for booking private jet
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| domain | founded_year | HQ Location |
Unscheduled air transportation is provided for travelers and executives.
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| domain | founded_year | HQ Location |
Private aviation flights are booked through an app-based marketplace.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Lygg
Frequently Asked Questions about LYGG
When was LYGG founded?
LYGG was founded in 2005 and raised its 1st funding round 18 years after it was founded.
Where is LYGG located?
LYGG is headquartered in Vantaa, Finland.
Is LYGG a funded company?
LYGG is a funded company, having raised a total of $3.93M across 1 funding round to date. The company's 1st funding round was a Series A of $3.93M, raised on Jun 27, 2023.
What does LYGG do?
The company was founded in 2005 and is headquartered in Vantaa, Finland. Operations focus on the aviation sector through an app available on Android and iOS platforms. Users are enabled to book private charter flights along established routes, with an emphasis on emission-free travel options. Reservation solutions are provided digitally to facilitate access to charter services.
Who are LYGG's investors?
LYGG has 2 investors. Key investors include Superhero Capital, and Government.